The DeLorean Motor Company, commonly called DMC, is an American automobile manufacturer that was founded by John DeLorean in 1975. However, the company finally hit rock bottom in 1982 when it filed for bankruptcy after the various issues and scandals surrounding the production of its first and last car – the DMC-12.
The company was unable to make ends meet; there was poor financial management and insufficient sales and ultimately, the last straw was when John DeLorean was accused of engaging in drug trafficking to keep the company afloat. As the saying goes, “all good things come to an end” but the DeLorean Motor Company ended too soon.
Luckily, a British business man by the name of Stephen Wynne bought all company rights and stock of the DeLorean Motor Company in 1990. He set up shop in Houston, Texas, where old DMC-12s up for repair and new units are expected to meet. The DMCs proved to be a great hit up to this day but now, the firm is having trouble keeping up with the demand for parts. As demand for new DMC-12s is increasing, its products and parts are also slowly dwindling and so DMC is currently searching for possible alternative parts.
Production of the new DeLorean is scheduled to start next year. There will be new parts of course; that is, it wouldn’t be the same as those that make up the 1980s DMC-12s but the automaker will try its best to deliver the same tenacity as that of the original make. DMC is currently on the hunt for new sources that could provide them the required pieces for the newest units.
As far as we know, there will be quite a few changes on the DMC-12s. One would be the wiring, which should be redone as it is important to keep things under control and to boost the safety of its passengers. Also, DMC plans to make a more comprehensive weather proof steel chassis and will install an up-to-date suspension. The braking system will also be modified and revamped for better handling and safe driving.
But the biggest change that we’re sure all DMC fans are anticipating is the adoption of a new engine and transmission set-up. The company is planning to replace the previous five-speed manual and PRV V6 (which have been proven to be too slow for this futuristic kind of ride) and is opting for a better, faster and on-trend DMC-12. There aren’t much specifics released yet but we’ve gathered enough information to get those retro-sensors tingling.
Two development units from two of DMC’s potential suppliers are being tested. Each of these new engines is expected to produce more than twice the power of the original 2.8-liter PRV V6 engine (which only had around 130 ponies under its hood) as well as an estimated increase of at least 100 lb.-ft. of torque (most likely around 262 lb.-ft. on the new models). The on stock five-speed manual will also undergo modification to cope with the extra power that the DMC-12 will soon wield.
DMC targets to start the development and testing of the new DMC-12s sometime next month. Should the new models reach production and distribution, Wynne is eyeing a base price of under $100,000; note that refurbished DMC-12s cost somewhere in between $45,000 to $55,000.
However the price may still change in the near future since it will also depend on which engine will be chosen to power this “Back to the Future” vehicle. The only thing that the new DMC owner will keep of this historical vehicle is its appearance which is a statement itself.
We’re praying that the project will become a success and will change everyone’s concept of the DMC-12. Once the new models meet the world, we’re crossing our fingers that it will soon erase its title of being the “best known failed car of all” to the “best futuristic car of all time”. Let’s just hope that the new management learns from the lessons of the past.